×
App Icon
The Standard e-Paper
Kenya's Bold Newspaper
★★★★ - on Play Store
Download Now

Kenya must change tack to get out of current economic crisis

Vocalize Pre-Player Loader

Audio By Vocalize

Traders at Gakindu livestock market in Mukurwe-ini during market day. [File, Standard]

In 1932, USA President Franklin Roosevelt, fresh from winning his first term, was faced with the same crisis President William Ruto is currently facing economically. The USA's turmoil was so severe, it was called the Great Depression.

In all soberness, Kenya, much of Africa and a large portion of the world are staring at a similar crisis. Kenya's inflation at 9 per cent has caused a lot of apprehension, with prices rising steadily. This then speaks of the general direction the solution will come from. The answers cannot come from using the same model the world has been using for a century now.

Premium Article

Get Full Access for Ksh299/Week.

Fact-first reporting that puts you at the heart of the newsroom. Subscribe for full access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Sports
Stage set for World U20 Champs trials
Football
Ingo derby now a huge test for AFC Leopards' title credentials
By Ben Ahenda 6 hrs ago
Boxing
Okong'o leads experienced boxers into finals
Sports
Senators raise questions over Sh45.8 billion Talanta Sports City Stadium project again